Table of Content

16 August 2006, Volume 26 Issue 8

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ECONOMIC EFFECTS OF TECHNICAL BARRIERS TO TRADE ON IMPORTING NATION: THEORETICAL AND POSITIVE ANALYSIS

JIA Hai-ji, LI Chun-ding

2006, (8):  5-11. 

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Technical barriers to trade(TBT) are major non-tariff barriers in the international trade area.This paper divides the effects of TBT on importing nation into short-run and long-run effects.In the short run,TBT can increase the welfare of importing nation,while in the long run,it can not,if the importing nation tries to protect domestic industries by TBT.

REVIVAL OF NORTHEAST ECONOMY FROM THE PERSPECTIVE OF ECONOMIC REGION COMPARISON

HUANG Tai-yan, DOU Le, YANG Hong-bo

2006, (8):  12-18. 

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Northeast economy revives just at the time of China developing its heavy industry.Heavy chemical industry,including material basis and human capital basis,is the greatest advantage of northeast economy.So,heavy chemical industrialization is very important for the revival of northeast economy.This paper recommends analyzing the comparative advantage and industrial integration from the perspective of regional economic integration.

ON EQUITY RE-FINANCING SIGNAL OF YIELD OF CONTROL RIGHTS

XU Hao-ping, WANG Li-yan

2006, (8):  24-29. 

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Based on analyzing the applicability of western theory of financing signal in China and the relationship with yield of control rights,this paper shows that equity re-financing can be a signal of high yield of control rights in China,even though it is a weaker one of investment opportunity and current assets price.

R&D M&A: MOTIVATION,DECISION-MAKING PROCEDURE AND RISKS MANAGEMENT

CHENG Zhao-qian, LIU Yi

2006, (8):  38-43. 

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R&D M&A can replace the self R&D,get the R&D resource and improve the competitive advantage.For some factors,firms could make choices inconsistent to their preferences about self R&D,R&D M&A,and R&D union.M&A firms should control and manage risks during goal-selecting and organization integration.

MIDDLE-AND-SMALL SIZED FIRMS'STRATEGIC PUZZLE AND OPTIMAL FINANCING STRATEGY

FANG Fang, DING Ming-xing

2006, (8):  44-49. 

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Middle-and-small sized firms'strategic financing puzzle,usually accompanied by local financial oppression,results from inconsistency of financing goal with entrepreneurs'control rights,governance structures,etc.Financing choice of middle-and-small sized firms is a dynamic problem,and their financing preference is different because of different internal and external environment and different combination of goals.

FACTORS ANALYSIS OF ECONOMIC GROWTH OF EURO AREAS

ZHANG Shu-jing

2006, (8):  65-70. 

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Except in 2001 the economic growth of the euro area has been lower than the developed economies in the world.The fundamental reasons are its relatively backward technological progress,the rigid labor market and high unemployment rate.The single monetary policy,with price stability as the main objective,is good to keep the macroeconomic stability of the euro area but restricts its fast growth to a certain degree.The common fiscal discipline has played an important role in assuring the smooth growth of the euro area economy,but weakens the capability of the member countries to use fiscal policies to defend their domestic economic cyclical shocks and external economic imbalance,especially in economic recession restricts individual country to carry out expansionary fiscal policies to stimulate its economy growth.